A working capital intensive transport & logistics company which had outsourced its accounting function offshore. The company had experienced difficulties in timely reporting and overall management of receivables. The company engaged Assetsecure to provide a funding solution coupled with receivables management.

Assetsecure facility delivered the following benefits:

Detailed drilldown reporting on a consolidated basis led to a reduction in headcount for the client.

Improved credit and risk management capability as the company was better equipped to target overdue invoices and customers.

Improved working capital with the client drawing 85% of receivables daily.